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1. From research what proportion of adolescents actually reach the formal operational stage?
2. What are some of the effects of early maturation for boys and girls?
3. The age of first menstruation has been increasing or decreasing in the last century? Discuss
4. What part of the brain develops first in adolescence? and what does this cause?
Consider a firm in which labor is the only variable input in the short run. With the aid of diagrams, explain the relationship between a firm's short run production function, its marginal product of labor, total variable cost, and marginal cost.
What is the four-firm concentration ratio (CR4)? What is the Herfindahl-Hirschman Index (HHI)? How do these two measurements differ? How are they similar? Calculate the CR4 and the HHI for the following two situations:
John has a factory that produces paper and as a side product some chemicals are thrown into the water: one unit of the pollutant per unit of paper. The marginal benefit to John of producing paper is given by MB = 10 - Q. The marginal cost is given by..
The political stability of countries has an impact on the foreign exchange market. When a country's import spending exceeds the value of its exports, the country is experiencing a:
If banks operated under a 100 percent reserve system, commercial banks would not be able to create any further money. A vertical curve that defines the level of full-employment or potential output based on a given amount of resources, efficiency, and..
From California to New York, legislative bodies across the US are considering eliminating or reducing the surcharges that banks impose on non-customers who make $12 million in withdrawals from other banks’ ATMs. On average, noncustomers earn a wage o..
If bagels and doughnuts are substitute goods, then which of the following is likely to occur if the price of bagels is reduced?
Under the guidance of a good manager, a monopolistic ally competitive firm spends an optimal amount of its revenues on advertising. Last month the firm spent $2,500 of its 510,000 revenues on advertising. If its advertising elasticity was 0.5, what w..
Graph all three curves. What is the relationship between the marginal-cost curve and the average total cost curve
Define Identification of these terms and discuss its significance to international financial governance. The European Commission, The European Central Bank, The Second Banking Directive, The Financial Services Action Plan.
“The Phillips curve and the aggregate supply curve are two sides of the same coin.” (Mankiw P. 406, 8th Edition). Suppose the natural rate of unemployment is 6% and the expected rate of inflation is 5%. On a single graph, draw the short-run and long-..
How much profit will monopolist make if she maximizes her profit. llustrate what would be value of consumer surplus if market were perfectly competitive.
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